Quantcast

  1. Welcome to Bantam Talk

    Why not register for an account?

    Not only can you then get fully involved in the community but you also get fewer ads

  2. Premium Membership now Available


    Please see this thread for more details

    Dismiss Notice
Welcome to Bantam Talk Premium Membership now Available

Cost of Living Crisis

Discussion in 'General Chat' started by YungNath, Jul 28, 2022.

Most Liked Posts
Page 20 of 29
  1. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,815
    Likes Received:
    3,964
    It's not a difference without distinction though? It's important, it's not a tax cut for the most part (i.e making the tax burden smaller) it's not implementing a tax rise (which would make the tax burden bigger). It's almost the crucial aspect. As you can see I was on top of my numbers.

    The energy bills stuff is even more than that isn't it? On top of the covid relatedly free for all there's almost no sets of taxation that could recoup that.....but we knew that when people were calling for more and more financial help from the government on both issues.
     
    #381 Aaron Baker, Oct 4, 2022
  2. Bantamsteve

    Bantamsteve Impact Sub

    Joined:
    Apr 8, 2018
    Messages:
    7,698
    Likes Received:
    9,765
    Too true Dave or his sidekick
     
    #382 Bantamsteve, Oct 4, 2022
  3. YungNath

    YungNath Impact Sub

    Joined:
    Apr 9, 2018
    Messages:
    2,101
    Likes Received:
    2,237
    It absolutely is in terms of what it will cost the country. Yes, which is why pissing a further 46bn prior to the 45p rate u turn up the wall for no material gain is insanity and the markets panicked. The energy crisis stuff was known about before this and yet nobody complained, because everyone can see that stuff needed to be paid for at some point, so people can work around it. The tax cut stuff is just pointless and has already ensured people's mortgages will be more expensive, are likely to be inflationary themselves, and also necessitated the bank of england to create 63bn approx. to protect the liquidity of the pension funds.
     
    #383 YungNath, Oct 4, 2022
  4. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,815
    Likes Received:
    3,964
    It's a weird viewpoint. It's like saying that if you're on £60k and you turn down a £20k pay increase it's the same as cutting your pay to £40k. You can't cut something you never had.

    Hilariously when we're talking about the markets panicking the Euro has continued to follow the same trajectory even with the apparent bounce back.

    Just because things are needed doesn't mean the repercussions of them are not felt in terms of uncertainty and instability. The interest rates hike is due to inflation and the perpetual need for the government to print and borrow more cash.
     
    #384 Aaron Baker, Oct 4, 2022
    Last edited: Oct 4, 2022
  5. YungNath

    YungNath Impact Sub

    Joined:
    Apr 9, 2018
    Messages:
    2,101
    Likes Received:
    2,237
    It isn't but you do you.

    I don't think any of this is particularly hilarious when it's ordinary people who will be suffering as a result of all this rubbish.



    That is not correct, the reason the energy bill announcement didn't cause a financial panic despite it being of approximately the same value as the tax cuts, is because a) people knew about this since september rather than it being out of the blue, so people can account for it and plan around it, and b) it's broadly accepted that a measure of some kind on that scale was necessary to avoid mass defaults on energy bills and other assorted chaos, which would obviously be worse.

    The tax cuts came out of nowhere in their scale and who they would benefit, and tweedle dum and tweedle dee offered no evidence of how they would be paid for beyond them being very confident growth would miraculously happen. Would you not panic if a loved one or spouse took out a giant loan in both your names, invested it all in magic beans and then said that would pay for it easily, because they believed very strongly they would definitely make a huge profit on said beans.


    The bank of england prints money not the govt, they were due to end QE but due to tweedle dum and tweedle dee nearly causing a financial crash, they have had to print another 63bn to maintain pension funds liquidity. Otherwise it would have been bye bye private pensions for half the bloody country.
     
    #385 YungNath, Oct 4, 2022
  6. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,815
    Likes Received:
    3,964
    Nothing came out of nowhere. truss ran her whole leadership campaign on cutting tax....it's why she got in!

    Noone is suffering "because of this rubbish" people are going to suffer because we've lived/living through a time when society and governments have believed that they can solve issues that they actually can't and have created just as many issues by it. There things have repercussions.

    So weird that you think that about £10bn of tax cuts (and cancelling about £30bn of promised tax rises) that caused the markets to freak rather than the £2.5tn that we will eventually owe, Makes no sense. Now the markets have stabilized I'm guessing the interest rates have gone back down......?
     
    #386 Aaron Baker, Oct 4, 2022
  7. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    17,134
    Likes Received:
    40,658
    Currently listening to Liz Truss talk the biggest pile of bollocks since, well, since the last time Boris Johnson opened his mouth. Makes you feel physically sick listening to the crap that she comes out with.
     
    #387 Rogered Tart, Oct 5, 2022
    Craven Cottager likes this.
  8. Tony Wilkinson

    Tony Wilkinson Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 10

    Joined:
    Apr 9, 2018
    Messages:
    6,788
    Likes Received:
    9,026
    Beginning to think you're a lost cause RT ;)
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #388 Tony Wilkinson, Oct 5, 2022
    Rogered Tart likes this.
  9. Tony Wilkinson

    Tony Wilkinson Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 10

    Joined:
    Apr 9, 2018
    Messages:
    6,788
    Likes Received:
    9,026
    Liked her attack on the 'anti growth' coalition (labour) and that the real heroes are not the ones that glue themselves to roads but those that go out to work to make a better life for themselves ...
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #389 Tony Wilkinson, Oct 5, 2022
    bantamlad92 likes this.
  10. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    17,134
    Likes Received:
    40,658
    Where exactly are we growing Tone? Brexit has been an absolute shambles for business and our public services in which investment helps growth is constantly cut back. Sorry but i ain't seeing this lovely shiny new Britain that stimulates growth. Well, unless you are an arms company like BAE or Vickers where private investors will be over the moon that their order books will over flowing. Oh hold on, Liz said we're getting a spanking new rail line from one coast to the other in the North, can't wait to see that built and be able travel at those amazingly cheap public transport prices.....
     
    #390 Rogered Tart, Oct 5, 2022
    Interested Bystander likes this.
  11. Tony Wilkinson

    Tony Wilkinson Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 10

    Joined:
    Apr 9, 2018
    Messages:
    6,788
    Likes Received:
    9,026
    We're not growing mate, we've spent up, been stagnant for years that's why something has to be done ..
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #391 Tony Wilkinson, Oct 5, 2022
  12. Dennis

    Dennis Captain
    Moderator Supporter

    Joined:
    Apr 8, 2018
    Messages:
    5,981
    Likes Received:
    14,999
    I've just listened to the PM's conference speech to her home fans. She used the word 'growth' 29 times! Whilst just about everybody wants a growing economy, not once did she refer to a Govt policy or infrastructure investment or educational improvements which might help as catalysts for growth. There was no evidence of a plan to deliver growth other than her saying "My plan is .... growth, growth, growth". That's OK then! It was just red meat to the faithful. It isn't sufficient to say that change is required without at least suggesting what changes are required in order to deliver growth. And the faithful lapped it up.

    In footballing terms it was like Sparks saying "My plan is .. promotion, promotion, promotion" without any reference to having to improve the team or change the manager or spending money to invest in the club to achieve that. It's just rhetoric.
     
    #392 Dennis, Oct 5, 2022
    Offcomedun, YungNath, RCarol and 5 others like this.
  13. Craven Cottager

    Craven Cottager Squad Player

    Joined:
    Apr 8, 2018
    Messages:
    7,332
    Likes Received:
    12,321
    She says it best
    When she says nothing at all.
     
    #393 Craven Cottager, Oct 5, 2022
  14. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    17,134
    Likes Received:
    40,658
    I'm glad I wasn't the only one to notice. A speech with no substance cheered on by a sycophantic mob of lapdogs. Party speeches these days are nothing more than Time share selling conferences where the bell rings and everyone cheers after a sale is made. Good to see she couldn't wait to spend more on our armed services when public services are being yet again cut to the bone.i guess they can find money when the 'countries safety' is at risk lol.
     
    #394 Rogered Tart, Oct 5, 2022
    YungNath and Dennis like this.
  15. Bigrod

    Bigrod Captain
    Moderator Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 30

    Joined:
    Apr 8, 2018
    Messages:
    9,025
    Likes Received:
    11,058
    To be fair, her (and her predecessors) performance has, in footballing terms, been more akin to Derek Adams winning games (but not) on XP & XG!
     
    #395 Bigrod, Oct 5, 2022
    Storck likes this.
  16. Craven Cottager

    Craven Cottager Squad Player

    Joined:
    Apr 8, 2018
    Messages:
    7,332
    Likes Received:
    12,321
    Image-1.png
     
    #396 Craven Cottager, Oct 7, 2022
  17. Offcomedun

    Offcomedun Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter Euro2020 Winner Euro 2020 P.L. 20/21 3rd Place

    Joined:
    Jun 18, 2018
    Messages:
    7,091
    Likes Received:
    10,906
    #397 Offcomedun, Oct 7, 2022
  18. Offcomedun

    Offcomedun Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter Euro2020 Winner Euro 2020 P.L. 20/21 3rd Place

    Joined:
    Jun 18, 2018
    Messages:
    7,091
    Likes Received:
    10,906
    #398 Offcomedun, Oct 7, 2022
  19. Tony Wilkinson

    Tony Wilkinson Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 10

    Joined:
    Apr 9, 2018
    Messages:
    6,788
    Likes Received:
    9,026
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #399 Tony Wilkinson, Oct 7, 2022
  20. Tony Wilkinson

    Tony Wilkinson Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 10

    Joined:
    Apr 9, 2018
    Messages:
    6,788
    Likes Received:
    9,026
    Of course, Labour are ALWAYS united...

    26blower_med_hr-17.jpeg
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #400 Tony Wilkinson, Oct 7, 2022
(You must log in or sign up to post here.)
Page 20 of 29

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Accept Learn More...
    Dismiss Notice